The IRS is about to make an example out of cryptocurrency tax avoiders - don’t let it be you.
This year, the IRS will ask you if you had cryptocurrency in 2019 and it’s going to make a lot of people nervous.
Until now, those choosing to report taxes on crypto were somewhat shielded from ambiguous guidance and loose interpretations of accounting strategies but the flurry of recent activity from the IRS points to clear mission to seek out avoiders and recover lost “revenue.”
Stay Safe - Get the Right Numbers
At NODE40, we operate in the most transparent ways possible so you understand how we calculate your tax numbers and provide you with an annotated history of your crypto activity. We want you to feel comfortable with the numbers we provide. It’s why we became the first consumer-focused cryptocurrency tax software to undergo a SOC 1 Audit created by the American Institute of Certified Public Accountants (AICPA).
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We hope you find these videos helpful as you work to gather your crypto trades from all your various exchanges and wallets to make sense of it all.